Hellobee Boards

If you aren't locked in, you can lower rates right up until you buy.

One thing to pay attention to, is that the rates that are advertised are not under ideal circumstances. When they quote the lowest rates, read the small print. That could be that rate only applies if you're putting down 20% or more, or paying for a certain number of points, or meeting other specifications.

DH and I ended up comparing our credit union to a broker because we felt like we weren't getting the best deal when we were hearing about lower rates, but they ended up agreeing that it was 6 one way, half a dozen the other.

we tried this as well, but they wouldn't lower the rate. we locked in a rate, and they would not change it if the rate went up or down. hopefully you have more success. you could always try another company (or threaten that you will.. haha) but iit would slow the close of escrow down.

We could pay $1000 to get to adjust our rate one time if it became lower than what we locked. They waived the $1000 and we locked in a rate closer to closing. Then, our closing was delayed by a day and they didn't tell us, and we were butting up to our lease ending and they lowered our rate by another .25 and gave us another $1000 back at closing for our inconvenience. So, I think they want happy customers, because you can go anywhere. Try it and see! We also went through the builder's lender so it wasn't one of the big banks. They secure the loan and then sell it to Chase, Penny Mac, etc... Good luck!!